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What is the story about?
RBI MPC Meeting Live Updates: The policy day is here. Reserve Bank of India's Monetary Policy Committee led by Governor Sanjay Malhotra will be announcing its policy decision at 10 AM today after their three-day policy meeting comes to an end. All eyes are on whether the MPC will bite the rate cut bullet with inflation figures being lower than their mandated range.
The policy has been on status quo for the last three policies. However, the growth print presents a strong picture for the economy, with the second quarter GDP print of 8.2% smashing estimates, raising questions as to whether there is a need to cut policy rates when growth is very strong. These contrasting signals has split the street right down the middle in trying to predict the MPC decision this time around. Most of the economists though are still going with a 25 bps cut this time around, before a pause again from the central Bank.
Watch this space for all the LIVE updates.
The policy has been on status quo for the last three policies. However, the growth print presents a strong picture for the economy, with the second quarter GDP print of 8.2% smashing estimates, raising questions as to whether there is a need to cut policy rates when growth is very strong. These contrasting signals has split the street right down the middle in trying to predict the MPC decision this time around. Most of the economists though are still going with a 25 bps cut this time around, before a pause again from the central Bank.
Watch this space for all the LIVE updates.
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